No, you don't need a bachelor's degree to become a tax preparer, but you'll need to have a high school diploma or GED to work in this profession. You will need to complete a tax preparation program through a technical or vocational school and obtain your PTIN number through the IRS to begin working in this field. While the starting point for any preparer will be the PTIN process, a “license” is not the same thing. To become a preparer, you don't need a specific license.
However, with the IRS, if you want rights of representation, you must be an enrolled agent, certified public accountant, or lawyer. If you're interested in becoming a tax preparer, one of the first things you should consider is the amount of education you need. We've determined that 46.2% of tax preparers have a bachelor's degree. In terms of higher education levels, we found that 8.4% of tax preparers have master's degrees.
Although most tax preparers have a college degree, it's possible to become a single tax preparer with a high school degree or GED. A tax professional, or tax preparer, files income taxes. Education requirements vary depending on the type of tax professional you want to become. If you want to become a tax preparer, you need a degree in accounting or a CPA certificate.
You must also be able to demonstrate your knowledge of current tax laws. Before you can offer tax preparation services, you must obtain a tax preparer identification number (PTIN) from the IRS. This career requires you to be ethical, accurate and trustworthy, so you need a keen eye for detail and strong organizational skills. You also need experience with IRS guidelines.
They can only represent clients whose returns they have prepared and signed, but only before revenue agents, customer service representatives and similar IRS employees, including the Taxpayer Defense Service. They must help their customers comply with state and federal tax codes while minimizing the customer's tax burden. You should receive a copy of each prepared tax return the time the original is given to the taxpayer to file. However, tax preparers are often looking to get more business work, and their 1,040 clients are a bridge to that professional goal.
UltraTax CS also offers seamless integration with other Thomson Reuters solutions, including CS Professional Suite and Onvio Firm Management, connecting your entire practice and ensuring that you'll never waste time (or money) performing a task manually. Failure to make this disclosure means that the tax preparer undertakes to represent the taxpayer or to represent the taxpayer. Once you've completed the Comprehensive Tax Course, you can easily pass the IRS Annual Tax Season Program (AFSP), which includes the annual federal tax refresher course (AFTR). We researched employers who employ tax preparers and discovered their number of tax preparer opportunities and their average salary.
That's how long it takes to learn specific tax preparation skills, but it doesn't take into account the time spent on formal education. Any tax professional with an IRS tax preparer identification number (PTIN) is authorized to prepare federal tax returns. Tax preparers must efficiently and securely access and manage their customers' sensitive information. Thomson Reuters UltraTax CS is a leading professional tax preparation software that automates your entire business, whether for individual tax preparation or for business clients.
Meanwhile, many tax preparers also have previous professional experience acting as a customer service representative or administrative assistant. .